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RPI Increases: How to Protect Your Mobile Tariffs

RPI Increases: How to Protect Your Mobile Tariffs

As a business owner, it's important to stay on top of economic trends and their potential impact on your bottom line. One trend that's worth paying attention to is the Retail Price Index (RPI). 

An RPI increase is a measure of the changes in the price of goods and services in the economy. 

Unfortunately, as the RPI increases, it can have a significant impact on your business's infrastructure costs such as rent, telecoms, and mobile phone tariffs. This can add up to a significant amount of money over time. 

This happens because the price of goods and services increases and some companies feel they have to raise their prices in order to maintain their profit margins. If you are concerned about the rising costs of your telecoms infrastructure please get in touch with us for a competitive quotation. 

The long-term impact of RPI increases on mobile phone tariffs can be significant and it's important for consumers to be aware of this trend and to take steps to secure a good tariff from a reputable company such as Your Comms Group.

 

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What is an RPI increase?

RPI stands for "Retail Price Index" which is used by the Office for National Statistics (ONS), to measure the rate of inflation on the market in the UK. 

This is normally based on the price of everyday purchases in a standard household in the Uk. 

The term RPI increase is when the overall price of these goods/services have risen meaning that the actual purchasing power of money has decreased. 

This can be caused by a variety of factors, such as rising costs of rent, production, logistics, or an increase in taxes. 

Another factor that can contribute to higher mobile phone tariffs, as a result of RPI increases, is inflation. As prices rise, consumers have less purchasing power and this can lead to a decrease in demand for mobile phone services. This in turn can lead to a decline in revenue for telecom companies, which can force them to raise prices in order to maintain their profits.

 

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How to protect your mobile tariff from RPI increases and inflation

So, how can you protect your business from the potential negative effects of RPI increases on mobile phone tariffs? Here are a few strategies to consider:

  1. Shop around for the best tariffs: With the constant change of technology and the introduction of new services, it's always important to review and shop around for the best tariffs that suit your business needs. This will allow you to save money in the long run and ensure that you are getting the best possible deal. Your Comms Group will always do its best to be the most competitive commercial mobile provider while delivering the best service. 

  2. Bundle your services: One way we keep our customer's costs down is by offering bundles, such as combining your mobile phone service with internet or landline services. By bundling your services, we are able to give a better rate on your mobile phone services. 

  3. Consider going for a sim-only contract: If you're in the market for new mobile phones, consider opting for a sim-only contract instead of buying the latest smartphones. This can save you money on both the upfront cost of the phone and the monthly tariff.

  4. Look at other options: With the growth of the internet, there are many other options available for communication such as VoIP, messaging apps, and video conferencing. Explore these options and see if they can be integrated into your business operations.

  5. Monitor usage and limit unnecessary costs: With our intelligent billing portal and managed services, Your Comms Group can help keep a close eye on your usage and try to identify any unnecessary costs such as international roaming charges or premium services. By limiting these costs, you can save money on your mobile phone bills in the long run.

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In conclusion, RPI increases can have a significant impact on mobile phone tariffs and other costs of business. By being aware of this trend and taking steps to secure a good tariff from a reputable company, you can protect your business from the effects of RPI increases and ensure that you are getting the best value for your money.

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